SunCoke Energy (NYSE:SXC) Upgraded to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded SunCoke Energy from “hold” to “buy,” although the broader analyst consensus remains “Reduce” with a $9.00 price target.
• SunCoke reported quarterly EPS of $0.15, beating estimates of $0.08, while revenue of $475.3 million exceeded expectations and rose 9.5% year over year.
• The stock opened at $9.38, near its 52-week high of $9.92, and institutional investors own approximately 90.45% of outstanding shares.

SunCoke Energy (NYSE:SXC - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings raised SunCoke Energy from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $9.00.

SunCoke Energy Price Performance

Shares of NYSE SXC opened at $9.38 on Friday. The stock has a market capitalization of $795.83 million, a PE ratio of -14.65 and a beta of 0.98. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.25 and a quick ratio of 1.37. The business has a fifty day moving average price of $8.71 and a two-hundred day moving average price of $7.62. SunCoke Energy has a fifty-two week low of $5.51 and a fifty-two week high of $9.92.

SunCoke Energy (NYSE:SXC - Get Free Report) last released its earnings results on Thursday, July 30th. The energy company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.07. The firm had revenue of $475.30 million during the quarter, compared to the consensus estimate of $445.20 million. SunCoke Energy had a positive return on equity of 6.37% and a negative net margin of 2.88%.The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. As a group, equities analysts predict that SunCoke Energy will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SunCoke Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake in shares of SunCoke Energy by 544.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,992 shares of the energy company's stock valued at $26,000 after purchasing an additional 2,528 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in SunCoke Energy by 69.4% in the 4th quarter. Farther Finance Advisors LLC now owns 3,831 shares of the energy company's stock valued at $28,000 after buying an additional 1,569 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in SunCoke Energy in the 2nd quarter valued at approximately $29,000. Signaturefd LLC raised its holdings in SunCoke Energy by 44.9% in the 4th quarter. Signaturefd LLC now owns 4,256 shares of the energy company's stock valued at $31,000 after buying an additional 1,318 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in SunCoke Energy by 176.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,615 shares of the energy company's stock worth $48,000 after buying an additional 3,582 shares during the period. 90.45% of the stock is currently owned by institutional investors.

SunCoke Energy Company Profile

SunCoke Energy, Inc is a leading independent producer of metallurgical coke and related products for the steel and foundry industries. The company specializes in manufacturing both blast furnace coke and foundry coke, offering high‐quality, low‐sulfur coal products that serve as essential inputs in steelmaking and metal casting processes. In addition to coke production, SunCoke provides comprehensive engineering, maintenance and environmental solutions tailored to the needs of integrated steel mills and foundries.

The company operates a network of coke production facilities across the United States, including plants in Indiana, Ohio, West Virginia and Louisiana.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source